In yesterday’s Wall Street session, New York Community Bancorp Inc. (NYSE:NYCB) shares traded at $3.33, down -5.93% from the previous session.
NYCB stock price is now -42.58% away from the 50-day moving average and -65.63% away from the 200-day moving average. The market capitalization of the company currently stands at $2.66B.
With the price target maintained at $3, Raymond James recently Downgraded its rating from Mkt Perform to Underperform for New York Community Bancorp Inc. (NYSE: NYCB). On March 08, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $4, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Lux Marshall, Director bought 27,100 shares of the company’s stock on Mar 21 ’24. The stock was bought for $99,891 at an average price of $3.69. Upon completion of the transaction, the Director now directly owns 64,872 shares in the company, valued at $0.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, Director Schoels Peter bought 100,000 shares of the business’s stock. A total of $414,750 was incurred on buying the stock at an average price of $4.15. This leaves the insider owning 147,438 shares of the company worth $0.49 million. A total of 2.17% of the company’s stock is owned by insiders.
During the past 12 months, New York Community Bancorp Inc. has had a low of $1.70 and a high of $14.22. The fifty day moving average price for NYCB is $5.7998 and a two-hundred day moving average price translates $9.6888 for the stock.
The latest earnings results from New York Community Bancorp Inc. (NYSE: NYCB) was released for Dec, 2023. According to the Banks – Regional Company, earnings per share came in at -$0.27, missing analysts’ expectations of $0.28 by -0.55. This compares to $0.31 EPS in the same period last year. The net profit margin was -1.45% and return on equity was -1.01% for NYCB. The company reported revenue of $1.45 billion for the quarter, compared to $681.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 112.48 percent. For the current quarter, analysts expect NYCB to generate $653.38M in revenue.
